Revenue from Contracts with Customers |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Revenue from Contracts with Customers | Revenue from Contracts with Customers We disaggregate revenue by market and geography. We believe that disaggregating revenue by market and geography provides the most relevant information regarding the nature, amount, timing, and uncertainty of revenues and cash flows. We do not present other levels of disaggregation, such as by type of products, customer, contracts, duration of contracts, timing of transfer of control and sales channels, as this information is not used by our chief operating decision maker (“CODM”) to manage the business. Effective July 1, 2025, the Company aligned its reporting of revenues into two markets: (i) Datacenter & Communications, and (ii) Industrial. All prior period market and segment disclosure information has been reclassified to conform to the current reporting structure. The following tables summarize disaggregated revenue by market ($000):
Contract Liabilities Payments received from customers are based on invoices or billing schedules as established in contracts with customers. Contract liabilities generally relate to payments received in advance of performance under the contract. Contract liabilities are recognized as revenue when the performance obligations have been satisfied. During the year ended June 30, 2026, we recognized revenue of $51 million related to customer payments that were included as contract liabilities in the Consolidated Balance Sheet as of June 30, 2025. We had $63 million of contract liabilities recorded in the Consolidated Balance Sheet as of June 30, 2026. As of June 30, 2026, $48 million of contract liabilities is included within Other accrued liabilities, and $15 million is included within Other liabilities on the Consolidated Balance Sheet. As of June 30, 2025, $63 million of contract liabilities is included in Other accrued liabilities, and $9 million is included within Other liabilities on the Consolidated Balance Sheet.
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